World Bank approves $3 billion loan for Egypt – cooperation minister
Egyptian Minister of International Cooperation Sahar Nassr

CAIRO: The World Bank has approved a $3 billion loan for Egypt, to be disbursed over the next three years, International Cooperation Minister Sahar Nasr said in a statement on Thursday.

Nasr said the loan had a maturity of 35 years and carried an annual interest rate of 1.68 percent.


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